This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The perfectly competitive firm's short-run supply curve is the same as the a. supply curve of all ... (Read 101 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The perfectly competitive firm's short-run supply curve is the same as the
 a. supply curve of all other firms in the industry
  b. upward-sloping portion of its marginal cost curve
  c. upward-sloping portion of its marginal cost curve at or above minimum average variable cost
  d. upward-sloping portion of its average variable cost curve
  e. market demand curve

Question 2

What is true at the profit-maximizing quantity for a perfectly competitive firm but not for a nondiscriminating monopoly?
 a. Price equals marginal cost.
  b. Price is greater than marginal cost.
  c. Marginal revenue equals marginal cost.
  d. Marginal revenue is less than marginal cost.
  e. Marginal revenue is greater than average revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


acc299

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Oxygen dissociation curve Oxygen dissociation curve
Linear dose-response curve Linear dose-response curve
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library